Impact of IT teams on digital transformation and innovation

In today's rapidly evolving business landscape, digitization has become an essential aspect for companies across various industries. The integration of digitization has resulted in improved efficiency, productivity, and profitability for businesses. The transition towards digitization has allowed companies to streamline operations, reach new customers and markets, minimize costs, and increase their revenues. As the world becomes increasingly interconnected, companies that fail to embrace digital transformation may risk becoming irrelevant and missing out on opportunities for growth. Therefore, digitalization has become a crucial component for companies to remain competitive in today's market. The aim of this study is to determine the criteria required for IT teams to be more effective in their digital transformation and innovation projects. The thesis evaluates the topics of digital transformation and innovation, risk tolerance, digital governance, corporate entrepreneurship, and knowledge sharing by dividing them into sub-headings through a survey of 143 IT professionals from different sectors. As stated in our hypotheses, it was observed that these sub-headings positively influence each other. The thesis is prepared to assist organizations in achieving greater success in their digital transformation and innovation projects. It specifically focuses on the impact and contribution of IT teams and provides managerial recommendations.